Funding you earn now, next payment 04:00 UTC−0.0299%/8h= −32.7% APRnext payment −$1.49 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Phemex+1.190%539s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.692% of the position
Funding, last 7 days+0.899%+$90 on $10k
+Price spread, last 3 days (all we have)−1.167%−$117 · spread now +1.190%, 7d avg +0.015%
=The price spread pays, funding is against you. BloFin is 1.175% dearer against Phemex than usual: you sell high and buy low (spread +1.190% now, against its 7-day average of +0.015%): +$118 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.899%, so the current rate has only just turned against you. The two prices were read 539 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TAOUSDT | 307.50 | 0.0639 | pay 0.0319% / 4h | 2h 39m | $3.3M | $8.0M | 50x |
| Short | BloFin TAO-USDT | 311.16 | 0.0340 | get 0.0170% / 4h | 2h 39m | $4.4M | $10.7M | 100x |
Phemex TAOUSDT
BloFin TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$62.71
- Price spread: +1.190% → +0.015%
- $117.51
- Slippage, 4 orders
- −$45.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$14.41
- Costs to cover
- 0.692%
- Break-even
- from the start
Slippage from Phemex: live order book, 4 min ago; BloFin: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 4 min ago | 10.84 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 5.00 bp | 11.5 bp −$12 | 14.1 bp −$141 | 33.5 bp −$3,345 | doesn't fit |
TAO on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 307.32 | −0.058% | $123K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 306.43 | −0.347% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.80 | −0.228% | $45K | $606K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.70 | +0.066% | $88.8M | $460.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.40 | +0.293% | $25.2M | $108.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.50 | 0.000% | $12.5M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.64 | +0.046% | $103.4M | $137.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.70 | +0.065% | $17.9M | $30.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.57 | +0.023% | $34.3M | $53.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.15 | +0.535% | $34K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.02 | +0.495% | $515K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.11 | +0.524% | $46K | $268K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.02 | −0.156% | $56K | $283K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.13 | −0.120% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.33 | −0.055% | $126K | $471K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.33 | −0.055% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 307.02 | −0.156% | $688 | $680K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0170% / S +0.0102% | 1h | 306.38 | −0.365% | $412K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0170% | 4h | 307.60 | +0.033% | $1.2M | $9.2M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0172% | 1h | 307.45 | −0.017% | $5.5M | $20.4M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0206% | 1h | 306.64 | −0.280% | $76K | $643K | 5x | as long as short |
| Bullet TAO-USD | +0.0218% | 1h | 306.70 | −0.261% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0224% | 1h | 307.18 | −0.104% | $15K | $1.5M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0275% | 8h | 307.24 | −0.085% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 307.43 | −0.022% | $363K | $378K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 307.49 | −0.003% | $81K | $551K | 5x | as long as short |
| BloFin TAO-USDTshort | +0.0340% | 4h | 311.16 | +1.190% | $4.4M | $10.7M | 100x | |
| Injective TAO/USDC PERP | +0.0470% | 1h | 315.63 | +2.644% | $23K | $2K | 12x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 308.80 | +0.423% | $323K | $681K | 5x | as long as short |
| Nado TAO-PERP | +0.0591% | 1h | 306.54 | −0.313% | $746K | $2.1M | 10x | as long as short |
| Phemex TAOUSDTlong | +0.0639% | 4h | 307.50 | long leg | $3.3M | $8.0M | 50x | |
| 01 Exchange TAOUSD | +0.0640% | 1h | 307.16 | −0.111% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 306.58 | −0.299% | $353 | — | 20x | as long as short |
| Variational Omni TAO | +0.0734% | 4h | 308.15 | +0.210% | $5.3M | $8.9M | — | as long as short |
| BingX TAO-USDT | +0.0736% | 4h | 307.81 | +0.101% | — | $31.0M | — | as long as short |
| Bybit TAOUSDT | +0.0774% | 4h | 308.16 | +0.215% | $62.9M | $135.7M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0841% | 1h | 307.80 | +0.098% | $311K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0952% | 1h | 307.65 | +0.049% | $880K | $2.4M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 307.35 | −0.049% | $1.4M | $6.2M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 307.17 | −0.109% | $409K | $604K | 5x | as long as short |
| Hyperliquid TAO | +0.1248% | 1h | 307.92 | +0.137% | $97.3M | $93.4M | 5x | as long as short |
| Lighter TAO | +0.1360% | 1h | 308.23 | +0.236% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.3743% | 1h | 312.40 | +1.593% | $166K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Kraken Futures PF_TAOUSD
Polymarket Perps TAO-USD
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
Injective TAO/USDC PERP
Phoenix TAO
Nado TAO-PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD